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Building the Perfect Stock Portfolio

What Happens Next in 6 Minutes

CHAPTER

Derivative Myths in Six Minutes

Bruce Tuckman is the former chief economist of the commodities features trading commission. He's also my former colleague in some brothers fixed income proprietary trading department and one of my closest friends go head Bruce Well it's Myron's weekend and Larry gave me six minutes so I thought I would do six derivative myths in six minutes. Derivatives have been around for an extremely long time we have evidence of forward contracts on wooden planks and on barley in 19th and 17th centuries BC. The crisis was a result of leverage mostly in non-derivative mortgage products and mortgage backed securities interest rate swaps and credit default swaps on corporates had nothing no significant role in the crisis, he says

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